ArcelorMittal announces pricing of USD 2,5 billion Bond issue
Luxembourg, 3 August, 2010 - Yesterday ArcelorMittal ("ArcelorMittal" or "the Issuer") completed the pricing of two series of US dollar denominated notes, consisting of USD 1,000,000,000 aggregate principal amount of its 3.75% Notes due 2015, USD 1,000,000,000 aggregate principal amount of its 5.25% Notes due 2020 and a reopening of its 7% Notes due 2039 for USD 500,000,000 aggregate principal amount.
The 7% Notes due 2039 will be consolidated with and will form a single series with the USD 1,000,000,000 aggregate principal amount of 7% Notes due 2039 that were issued on 8 October 2009. Upon completion of this offering, USD 1,500,000,000 of aggregate principal amount of the Issuer's 7% Notes due 2039 will be outstanding.
The proceeds to ArcelorMittal (before expenses), amounting to approximately USD 2.5 billion, will be used to refinance existing indebtedness.
The offering is scheduled to close on 5 August, subject to satisfaction of customary conditions.